Old Oct 18, 08, 5:38 am
  #8  
cstead
 
Join Date: Jul 2005
Location: SJC/SFO/OAK
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Originally Posted by monkeymagic View Post
Part of the problem is that many of the airlines hedge their fuel and therefore are locked into certain prices, regardless of where the oil price moves. A good thing in a raising oil price environment... the opposite in falling..
only those locked into futures contracts....those that simply have options on fuel are able to walk away at only the loss of the options contract
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